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Sceptre, a new liquid staking protocol for the ‘ blockchain of data’, Flare, has launch ed in private beta. Designed to maximize FLR yield, Sceptre will enable users to use their tokens in DeFi protocols while also continuing to claim native Flare rewards and monthly FlareDrops. The Sceptre protocol has been developed by Rome Blockchain Labs (RBL), who are simultaneously building the lending and borrowing platform Kinetic. The two protocols will function hand in hand to help maximize the functionality of the FLR token. Flare, which is billed as the blockchain for data, has three native reward mechanisms: Staking to infrastructure providers to support network consensus and security Delegating to the Flare Time Series Oracle to support the delivery of decentralized data to the network Receiving monthly FlareDrops for network participation. Hugo Philion, co-founder of Flare, welcomed Sceptre to the ecosystem: “The Flare tokenomics, and...

Jarett Dunn, aka @STACCoverflow, arrested in London for Solana memecoin exploit. Dunn used flash loans to manipulate pump.fun, stealing $2 million in liquidity. Released on bail, Dunn confessed online, citing mental health struggles and grief The alleged orchestrator of the recent Solana memecoin protocol pump.fun exploit , Jarett Dunn, known online as @STACCoverflow, has been arrest ed in London. The arrest follows a sophisticated 26-hour intelligence operation spearheaded by a third-party stakeholder who had enlisted a private intelligence firm to track Dunn’s activities. Jarett Dunn arrested in Middle Eight Hotel The operation culminated in the early hours of May 18 when local operatives, or “auxiliaries,” pinpointed Dunn’s location at the Middle Eight Hotel in Covent Garden. After a seven-hour search, British authorities apprehended Dunn, who has since been released on bail pending his court appearance in August. The Pump.fu...

Binance Labs, the venture capital arm of Binance, has invested in Renzo. Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for Ethereum restaking protocol EigenLayer. Binance ’s venture capital arm has announced it invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. Binance Labs’ announcement that it invested in Renzo comes on the same day as news of venture capital firm a16z’ $100 million investment in EigenLayer. EigenLayer is an Ethereum restaking protocol with a TVL of of $7.8 billion as of February 22, 2024. Read more: a16z invests $100 million in Ethereum restaking protocol EigenLayer . Binance Labs seeks to boost Liquid Restaking space Renzo Protocol is the liquid restaking hub for EigenLayer, with its technology key to the trustless collaboration between various ecosystem players on EigenLayer. Binance Labs seeks to help stakers, node operators and Actively Validated Services (AVS) ...

The first tokenized security of the protocol was just launched on Coinbase’s scalability layer Base. Decentralized finance (DeFi) startup Backed.fi announced today that it has issued the first tokenized security on Base – bIB01, a tokenized short-term US treasury bond ETF. This launch transaction marks the first tokenized real-world asset (RWA) on Base, Coinbase’s layer 2 network built for scalable applications. Backed is utilizing Base to tokenize financial assets like ETFs and make them freely transferable across wallets while remaining fully collateralized. bIB01 tracks the iShares $ Treasury Bond 0-1yr UCITS ETF and operates under the Swiss DLT act. Base offers a low-cost, Ethereum virtual machine compatible environment optimized for developers looking to build scalable on-chain applications. Backed has been preparing for Base’s mainnet launch to ensure its tokenize d RWAs can be seamlessly integrated. You might also like: What is Base? Unpackin...

The team behind the protocol has confirmed the attack and urged users to avoid interaction with the project’s interface. Balancer (BAL), an automated market maker on the Ethereum (ETH) blockchain, has become the latest decentralized finance protocol to suffer from a frontend attack. According to an X post by Balancer, the issue is “under investigation.” The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice! — Balancer (@Balancer) September 19, 2023 Although no other details on the matter were given, the team behind Balancer urged users to avoid interacting with the protocol’s website “until further notice.” According to a blockchain investigator ZachXBT, the hacker stole around $238,000 in crypto. As of press time, the stolen funds have been directed to the address 0x64…8d7E. Stolen funds are being directed to this address 0x645710...